WASHINGTON (August 2, 2007) – Today, Sens. Lieberman and Warner released principles for a global warming bill that they will jointly introduce in September and move forward in the Senate Environment and Public Works committee. The bill would establish a declining cap on emissions of global warming pollution, including CO2 and other heat-trapping gases.
Statement by David Hawkins, director of the Climate Center at the Natural Resources Defense Council (NRDC):
"NRDC welcomes this new contribution to the effort to enact effective legislation that will help avoid the worst impacts of global warming. The proposal demonstrates that ideas for action on global warming are moving fast in the right direction.
"The most recent science says that we must reduce emissions 15 to 20 percent by 2020 and 80 percent by the year 2050 to avoid the worst impacts of global warming. The Lieberman-Warner proposal would cut global warming pollution from most U.S. sources 10 percent below 2005 levels by 2020, increasing in steps to a 70 percent reduction by 2050.
"We look forward to working with Senators Lieberman and Warner to further improve this proposal’s targets and timetables and to ensure that the bill’s valuable pollution allowances are invested in energy efficiency and other measures to reduce consumers’ costs, not create windfall profits for polluters."